With the boom of the online casino industry, more and more people demand faster and innovative banking options for them to use when transferring their funds to and from their online casino profiles. With this, online casinos have resorted to finding new ways and providing easier and more convenient options to players through some outside influences just to make this happen. Although the existing options such as debit and credit card are easy and convenient which is why most of the people choose these as options in any of their transactions, it cannot be denied that some people experience inconveniences due to its strict regulations especially when transactions are related to gambling.
If you are new to casino gaming, then you may have experienced a few times already calling your banks demanding for an explanation about denied transactions when you make deposits or perhaps ended up frustrated because you can’t use your credit card when you want to play in online casinos. This is where online payment platforms like GiroPaycome in handy.
GiroPay is a fast banking payment method that is currently available only in Germany, Austria, and the Netherlands. It acts as an intermediary between bank account merchants of various commodities in these countries in providing direct online banking method to customers owning an internet banking account. GiroPay works based on a PIN (personal identification number) and TAN (transaction number) procedures of home banking. It is a quick, easy and secure payment service for any money transactions online.
What is great about GiroPay is that you don’t need to undergo a tedious registration process in GiroPay in order to make money transactions. All you need to do is to select it as your payment method from the e-service provider that you are making transactions with and you’ll be redirected to your online banking account where you will be filling in the transaction form for your purchases and provide the TAN-code given to you by your bank. The transaction via GiroPay is processed in real time so after the authorization is complete, your money will be instantly wired to the other end of the transaction. Also with this payment process, clients remain anonymous to the other party so transactions are more secured.
Funding your online casino account via GiroPay is easy. All that you need to do is to select it as the payment method for your deposit. GiroPay only works if you have an online banking account so make sure you have one so you can proceed with the transaction. The deposit process in online casinos is similar as to when you are purchasing something in an e-shop. Upon choosing GiroPay as the payment option, you will be redirected to your online banking account where you will be filling out the rest of the transaction form and provide the TAN-code to authorize the transaction. After this, your funds will be transferred directly to your online casino account instantly so you can play right after making the deposit. The withdrawal process, on the other hand, follows almost the same process as making deposits where you will be redirected to your online banking account. This makes it an easier and less stressful way of getting your payouts from your casino earnings.
Transaction fees may apply when you choose GiroPay as your payment method. Deposits made using GiroPay cannot be canceled. Fees may differ from bank to bank and the amount you’ll be paying per transaction depends on what bank you are signed up. Normal charges vary between 0.9% and 1.2% plus € 0.08 per transaction.
Transactions with GiroPay is ensured secured and safe. First, a reliable 128-bit SSL encryption is used to secure your personal information when making online payments. On top of that, GiroPay uses a combination of PIN codes and TAN codes to double secure your transactions. Also, since transactions are processed in real time, the possibility for a third party to infiltrate the transaction is slim, so clients can be assured that payments and their financial details are protected from any threats.
GiroPay currently opens their operation in Germany, Austria, and the Netherlands so it is inaccessible for clients from other countries. More than 1,500 banks are covered via GiroPay. Although GiroPay has plans of expanding internationally, it’s operations will remain exclusive to its current operational area for the meantime until the company manages to make use of the system for the transnational mode of payment.
For GiroPay’s customer support, clients may proceed to the official site https://www.giropay.de/ where there are various options for clients to reach the customer service team of GiroPay. A FAQ section is available for the clients to read about various processes they may need to know. An e-mail support system is also available for any concerns regarding payments and other concerns about GiroPay’s operations.
GiroPay is a secure, fast, and easy way of online payment method that is trusted by most Germans when it comes to assisting their online banking transactions. Its fast and easy operations make it an effective intermediary between bank account merchants of various commodities in making secured and smooth transactions. The great thing about GiroPay is that it immediately processes transactions which makes it not too vulnerable for the third party to disrupt transactions. With its state of the art encryption system, you are sure that every transaction made with GiroPay is fast and secure anytime and anywhere.
What is Giropay?
Giropay is a popular internet payment system in Austria and Germany. It was founded in February 2006 and it’s one of the first online payment systems. It has over 1500 banking partners and currently has over 17 million users. This payment method lets players purchase services and products online by directly using their bank accounts.
Is Giropay a legitimate payment method used at online casinos?
Yes, Giropay is a legitimate payment method used for online casino transactions. It’s proven to be a safe and secure method since no third parties will be used for online transactions. It also has a security cap feature to protect the identity, banking information, and personal details of its users.
What are the advantages of using Giropay for online casino transactions?
One advantage of using Giropay is the high level of security it provides. It also has one of the fastest processing times for deposit and withdrawal transactions. Users can also complete payment transactions anonymously through Giropay. There’s also no need to register at a third party in order to use Giropay’s services.
What are the disadvantages of using Giropay for online casino transactions?
The only major downside for using Giropay is that it’s not very accessible for everyone. Only players who have savings accounts at authorized German and Austrian banks can use Giropay’s services for online transactions. Transactions also come with small fees.
What’s the process for using Giropay as a deposit method?
The process involved when completing deposits via Giropay is very quick and simple. The user must first go to his preferred online casino and enter his account details. Then, he must go to the Banking or Payment page of the casino and select Giropay as the deposit option. The player will be redirected to his bank account and he’ll have to fill out the bank’s transaction form. After providing the correct TAN code, the bank will start processing the deposit.
What’s the process for using Giropay as a withdrawal method?
Using Giropay for a withdrawal transaction is a little harder to process than deposits. First, the user has to go to the online casino’s Payment page and choose Giropay as the withdrawal method. Unlike deposits, the user will have to enter his bank account details since the winnings will be cashed out via bank transfer. After confirming the bank account details of the user, the withdrawal transaction will be processed.
How can a player get a Giropay account?
There’s no need to sign up for a Giropay account. Anyone who has an active savings account with either a German or Austrian bank can avail Giropay’s online payment services. This lessens the chances of identity theft or card theft.
What’s the average processing time for deposits and withdrawals using Giropay?
Giropay instantly processes deposits and withdrawals. Right after receiving the email confirmation, the user will be able to see his deposited amount in his casino account’s balance. For withdrawals, it will take up to 24 hours for the withdrawn winnings to appear on the user’s current bank account.
What’s the maximum amount that a user can deposit using Giropay?
A user can deposit up to €5000 to his online casino account using Giropay. It must also be noted that users can’t cancel Giropay deposits.
Which online casinos accept Giropay as a payment method?
Giropay is available in a lot of online casinos which accept German and Austrian players. These are some of the online casinos where Giropay can be used as a payment method: Casino Las Vegas, SCasino, 888 Casino, Winner Casino, Karamba Casino, Casumo Casino, 21Casino, Jackpot City Casino, Royal Vegas Casino, Gaming Club Casino, and Lucky Nugget Casino.
What are the processing fees when using Giropay for deposit and withdrawal transactions?
Online casino operators usually don’t charge any processing fees for Giropay deposits and withdrawals. However, the user’s preferred bank might charge around 0.9% to 1.2% of the transferred amount. Each transaction will be charged a fixed amount of €0.8.
Which currencies can be used for Giropay deposits and withdrawals?
Unfortunately, transactions can only be processed using Giropay if Euro is the currency used. Giropay is not yet open for transactions using other currencies.